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Ajman Bank, the emirate’s first Islamic commercial Bank, signed an agreement this week with Emirates Transport providing Dhs30m in the form of murabaha finance.
Ajman Bank will purchase a fleet of over 100 buses subsequently sell the same to Emirates Transport on deferred payment terms to expand their services which have seen a steady growth over recent years…….Full Press Release: Source
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Islamic Finance Briefing - Categorized | Banking, Emerging Trends, Finance more
Ajman Bank makes moves with Emirates Transport Dhs30m Murabaha finance agreement
| Posted on 28 May 2009 |
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